Get to know GoMeat Token

  1. Catering to $1.8 trillion global industry
  2. Limited supply of 5 million tokens only
  3. Excellent deflationary economy to ensure your token increases in value over time
  4. Many utilities and offers on the GoMeat platform

GoMeat features

The growing global specialty food industry has led to a high demand for specialty certification services by third party certification authorities. High demand for certification services in combination with a decentralized form of accreditation by Specialty Board and inability to support the specialty industry efficiently has shown cracks in the conventional specialty certification model, which has become costly, inefficient, fraudulent and risky. GoMeat phase 3 will introduce the following features:

  • Customers will receive full transparency about a store’s certification status
  • Every step of the specialty meat supply chain will be tracked and documented on blockchain to provide full transparency and visibility about the animal’s origin, living conditions, health and slaughtering method.

GoMeat Blockchain Functions

GoMeat (GOMT) is a deflationary utility token with a limited supply of 5 million GOMT ever and about only 1.9 Million GOMT in circulation. GoMeat Blockchain application will be based on the Hydra Chain platform and will perform the following functions:

  • Establish a secure connection Certificate data repository provider and update Certificate info frequently.
  • Store all the retail owner’s information and certification info in our blockchain application.
  • Create a blockchain API to connect with GoMeat marketplace and display smart certification in the app for customer view.
  • Share public key with 3rd party and Retail owners for each independent certificate.
  • Retail owner certification validation.
  • Onboarded validation.
  • Certification cancellation or suspension validation: Monitor and control.
  • Certification renewal validation.

Deflationary Tokenomics:

GoMeat Token has an elaborate burning mechanism, increasing the token value with each burn. Key features are as follows:

  1. 5% of the 2023 revenue will be burnt on a quarterly basis.
  2. Burning rate from 2024 onwards will be decided based on revenue amount, quarterly financial reports will be released to keep the community updated.
  3. Once GoMeat hits $3 million in gross volume, then an additional 3% GoMeat revenue will be burnt every quarter.
  4. Additional tokens for burning will be bought from exchanges if needed
  5. Additional 3% will be burnt for every order placed using GOMT.

About GoMeat

GoMeat is a marketplace leveraging blockchain technology, connecting consumers with specialty retail meat stores that primarily offer fresh Halal and Kosher meat products such as red meat, poultry and seafood. Specialty meat is not available in traditional grocery stores in the US and other Western countries. It is only available in certified specialty retail stores. There are more than 10,000 halal meat stores in North America alone. Currently, the global halal and kosher market is estimated at over $1.8 trillion in 2022 and is expected to grow to $2.2 trillion by 2024. The halal food market in the US alone is estimated at over $32 Billion and is showing an aggressive annual growth. Over 90% of existing Halal and Kosher stores do not have an online presence, GoMeat extends their presence online by including options for electronic payments in usual fiat currencies. In addition, it will also provide small-scale store owners with the mechanism and tools to deliver their meat products to consumer’s doorsteps. To learn more and stay updated, please visit our Website, follow our Twitter and join our Telegram

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GoMeatToken

GoMeatToken

Empowering The Specialty Meat Industry! The first specialty meat & grocery ordering service.